Fouad Hussein announces Iraq's exit from Chapter VII

[rvmydinar]

J

17 hours ago, Longtimelurker said:

Wow! U.S combat forces leaving Iraq returning iraqs sovereignty and Iraq leaving chapter 7... We are watching our currency revaluation/reinstatement take place in front of our eyes.. Exciting times for the Iraqis and dinar investors!!!

What about the election? The result of the election isn't done yet. There was still a protest against the election. Can the cbi rv the iqd before the election is done completely without any protest?

[Longtimelurker]

2 minutes ago, rvmydinar said:

J

What about the election? The result of the election isn't done yet. There was still a protest against the election. Can the cbi rv the iqd before the election is done completely without any protest?

An article yesterday said that will be settled within 10 days I believe.

[rvmydinar]

3 minutes ago, Longtimelurker said:

An article yesterday said that will be settled within 10 days I believe.

Thanks for the info Longtimelurker. 

[Half Crazy Runner]

20 hours ago, nannab said:

Can't wait to say IRAQ WHOOOOOOOO?????

I’m looking forward to not knowing (or caring) who the prime minister is, or the current governor of the CBI, or the president of parliament…. 🥳😁💃🏻

[Half Crazy Runner]

On 12/8/2021 at 11:46 PM, 8th ID said:

I thought they were out of chapter vii already..

Honestly, so did I … 

[Laid Back]

15 hours ago, DoD said:

Laid Back, if these articles are correct it appears they could actually pay off the Kuwaiti debt before the end of this year. 
That would certainly set the stage for a January monetary reform event to happen…

Thanks for your input DoD,

It is totally possible, they take 3% of the monthly oil sales to pay Kuwait  

We are talking about $200 to $300 million a month.

The news article from October talk about a balance of $629 million dollars 

so, it will take about 2 to 3 months.

 

Happy Holiday’s DV……Get ready for 2022

 

 

 

 

[Longtimelurker]

3 minutes ago, Laid Back said:

Thanks for your input DoD,

It is totally possible, they take 3% of the monthly oil sales to pay Kuwait  

We are talking about $200 to $300 million a month.

The news article from October talk about a balance of $629 million dollars 

so, it will take about 2 to 3 months.

 

Happy Holiday’s DV……Get ready for 2022

 

 

 

 

Didnt Articles yesterday say they paid down the 600 million and now only owe 47 million?

[mally2]

5 minutes ago, Laid Back said:

Thanks for your input DoD,

It is totally possible, they take 3% of the monthly oil sales to pay Kuwait  

We are talking about $200 to $300 million a month.

The news article from October talk about a balance of $629 million dollars 

so, it will take about 2 to 3 months.

 

Happy Holiday’s DV……Get ready for 2022

 

 

 

 

It’s less now, this is from article yesterday on previous page. 

 

The Iraqi government intends to pay the last batch of compensation for the Kuwait war, before the end of this year, after depositing, the day before yesterday (Tuesday), more than 207 million US dollars, in the compensation account with the US Federal Reserve, to end the compensation file completely.

[Laid Back]

There are many news articles talking about different amounts to payoff Kuwait. 
The less the amount the closer we are to see the remaining chapter VII sanctions remove.

Go 🇮🇶 

Go Kuwait payoff 

Go 2022

Go international 

Go Purchasing power

[horsesoldier]

Reckon Iraq which I thought had been released from all encumbrances from Ch. VII is still in it, yet we’re told had been released from it ?? What the hell kinda   nonsense is this ???

 

They’re in they’re out they’re in they’re out ???  This puts the “ Texas Two Step “ to shame.

 

. . .  one day ALL this will be over & it will be Iraq, who.
 

Get ready for 2022 kids: seems like we hear that towards the end of every year... “get ready for  20___”.

 

Fingers crossed these folks with forked tongues actually pull the trigger for a globally recognized currency REAL EARLY in January 2022; the longer they drag this out NEXT YEAR, well we all know that drill.
 

Perhaps they’ll make good this time, then we all ride off into the sunset leaving these dysfunctional fools in our dust. 

. . . pushing 19 years riding atop this Wild Bull “ Ole Bone Crusher. “ I’m in it to win it !!!

Never gonna look at a Bull riding Rodeo the same way again.

 

 

 

[WheresmyRV?]

I am praying and hoping that this is finally it and that they will be finally out of Chapter 7.  I remember this time last year Iraq was saying early 2021 will be their ascension into the WTO and yet they are still outside looking in on that one.  

[jg1]

55 minutes ago, horsesoldier said:

Reckon Iraq which I thought had been released from all encumbrances from Ch. VII is still in it, yet we’re told had been released from it ?? What the hell kinda   nonsense is this ???

 

They’re in they’re out they’re in they’re out ???  This puts the “ Texas Two Step “ to shame.

 

. . .  one day ALL this will be over & it will be Iraq, who.
 

Get ready for 2022 kids: seems like we hear that towards the end of every year... “get ready for  20___”.

 

Fingers crossed these folks with forked tongues actually pull the trigger for a globally recognized currency REAL EARLY in January 2022; the longer they drag this out NEXT YEAR, well we all know that drill.
 

Perhaps they’ll make good this time, then we all ride off into the sunset leaving these dysfunctional fools in our dust. 

. . . pushing 19 years riding atop this Wild Bull “ Ole Bone Crusher. “ I’m in it to win it !!!

Never gonna look at a Bull riding Rodeo the same way again.

 

 

 

I used to have a coworker that came from Iraq and still had plenty of family in Iraq. When I would ask her about the value of the dinar increasing she would put her hand up and say I am done with Iraq. 15+ years later of being invested in the dinar scam/lol, I am starting to get the picture.

[horsesoldier]

8 minutes ago, jg1 said:

I used to have a coworker that came from Iraq and still had plenty of family in Iraq. When I would ask her about the value of the dinar increasing she would put her hand up and say I am done with Iraq. 15+ years later of being invested in the dinar scam/lol, I am starting to get the picture.

Reckon she absolutely knew when she was sick & tired of being sick & tired with Iraq. 
 

Her picture of Iraq was/is pretty clear. Hope to God we’re nearing the end of nearly 20 years of greed, sandbagging, feeble excuses and utter stupidity. As the Grateful Dead said so eloquently “ What a long strange trip it’s been “

[dinarbeleiver]

This has been long ride but I can see the end of the tunnel. I remember the articles back 2013 when we thought they had been removed from chapter 7 especially to do with the dinar. More purchasing power

[WheresmyRV?]

And with our troops leaving at the end of this month we have definately have to be at the end. 

[Officiallytook]

Is this it... 2022? 

2+0+2+2 equals 6 ...

This could be it 

If it is it'll be legit, I've been messing around with Teslas 369 , and I have to admit my luck/energy has changed a bit since I started last year. So this happening next year would make since, by those in charge, and by his theory... LoL 

 

 

 

[Woldopep]

A simple search on UN Security Council site says this year there is no time to vote on Iraq leaving chapter 7. Waiting till the new year and then will check the schedule for clues to when the vote may happen.

[yota691]

After 31 years.. Iraq closes the most prominent outstanding issues with Kuwait

•  Time: 12/21/2021 20:28:19
•  
•  Reading: 2,171 times

  

{Political: Al Furat News} Iraq has completed the payment of compensation amounts allocated to the State of Kuwait for the losses of Saddam's invasion of the neighboring country in 1990, at a value of 44 million US dollars.

The Central Bank of Iraq stated: "The payment of the last remaining payment of $44 million in compensation from the State of Kuwait has been completed, and thus Iraq has completed the payment of the full compensation amounts approved by the United Nations Compensation Committee."

The bank's statement today, Tuesday, said: "It is hoped that ending the payment of compensation will contribute to the re-integration of the Iraqi banking system into the global banking system."

Thus, Iraq paid 52.2 billion dollars to compensate for the destruction caused by its invasion of Kuwait to the Kuwaiti infrastructure and the losses it caused to Kuwaiti citizens and foreigners as a result of the Saddamist invasion.

[WheresmyRV?]

BOOM!!! There it is folks!! Iraq has made the last payment to Kuwait!!! 

[yota691]

Iraq gets rid of Kuwait compensation

Wednesday December 22, 2021 149

 

 Baghdad: Huda Al-Azzawi 

 

After 30 years of international sanctions by deducting a percentage of the value of Iraqi oil in favor of compensation to Kuwait as a result of the invasion of the former regime; The Central Bank of Iraq announced yesterday, Tuesday, that Iraq has completed the payment of these compensations, amounting to more than (52 billion dollars), through the last remaining installment of them. 

A statement by the Central Bank stated, "Iraq has completed the payment of the full compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution No. (687) for the year 1991, with a total of (52.4) billion US dollars for the State of Kuwait."

The statement expressed his hope that "the termination of the payment of compensation will contribute to removing Iraq from (Item VII), as well as its impact on re-integrating the Iraqi banking system with the global banking system and benefiting from the financial abundance that will be achieved."

Adviser to the Association of Iraqi Private Banks, Samir Al-Nusairi, explained to "Al-Sabah" that "the Central Bank's statement on the payment of the last payment, means that Iraq will turn this page after (thirty years) of deductions from its oil exports."

He pointed out that "the payment of the last installment is the removal of the last effect of (Chapter VII) of the compensation decision, and this will reflect positively by actually merging, as the Central Bank indicated, the Iraqi banking system with the global banking system, which was in fact suffering from negative effects as a result of this decision." .

In turn, the former Rapporteur of the Parliamentary Finance Committee, Ahmed Al-Saffar, said in an interview with Al-Sabah: "These debts, which are called (the hateful debts) were unjustly imposed on Iraq because of the policies of the former regime."

Al-Saffar expressed his optimism that "the state's ability to get rid of this burden will have a financial breakthrough, and this is supported by the rise in oil prices and the process of reducing the Iraqi dinar exchange rate," noting that "these factors will certainly lead to the government's financial sustainability."

He pointed out that "Iraq originally and two years ago came out of (Item VII), and the process (merging our banking system with the global banking system) depends on Iraq and the financial policy pursued by the government, and the economy depends on the strength of the gross domestic product, which depends on oil revenues. ".

Al-Saffar concluded his speech by saying: "As long as Iraq remains dependent on this resource, it will not be able to revitalize the real economic sectors, and the economic and financial situation remains fragile and at risk in terms of dealing with global financial systems."

 

• Editing: Muhammad Al-Ansari

[yota691]

 

Iraq announces the final closure of the Kuwaiti compensation page

 

 2021-12-21 15:06

 

Shafaq News/ The Central Bank of Iraq announced, on Tuesday, the completion of the last remaining installment of Kuwait's compensation, amounting to 44 million dollars.

 

The bank said in a statement received by Shafak News Agency, "The payment of the last remaining installment of the State of Kuwait's compensation amounting to $44 million has been completed."

 

He continued by saying, "With this, Iraq will have completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution (687) for the year 1991, with a total of (52.4) billion US dollars for the State of Kuwait."

 

He added, "It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved."

 

In 1991, a UN Compensation Committee was formed, obligating Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others, who incurred losses resulting directly from the invasion and occupation of Kuwait.

 

Iraq had stopped making payments between 2015 and 2017 during the war against ISIS, which controlled a third of the country, but it resumed in 2018.

 

Iraq was paying the amount of compensation to a UN fund established under the name of the United Nations Compensation Fund, through a percentage of oil sales.

[yota691]

Iraq

IRAQ PAYS THE FULL AMOUNT OF COMPENSATION TO KUWAIT

Tuesday, December 21, 2021 10:54 PM

Baghdad / National News Center

Today, Tuesday, the Central Bank of Iraq announced the completion of the last remaining installment of Kuwait's compensation, amounting to 44 million dollars.
And the bank stated in a statement received by the “National News Center”, that “the payment of the last remaining installment of the State of Kuwait’s compensation amounting to 44 million US dollars has been completed, and thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under the resolution (687) for the year 1991, with a total of (52.4) billion US dollars for the State of Kuwait.
He added, "It is hoped that ending the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved."

[yota691]

After closing the Kuwait war compensation file, what is Iraq's economic future?

 

538 Economy 2021/12/22 14:19 Baghdad today -

Report: Mahmoud Al-Mufraji Al-Husseini Iraq did what it had to do, adhered to its commitments and completed the last batch of Kuwaiti debts owed by Iraq, against the backdrop of the former regime leader Saddam Hussein’s invasion of Kuwait, which resulted in Iraq shackled by a set of Security Council resolutions, including obligating Iraq to pay Kuwaiti debts as a result of its losses from the invasion.

 

During the years 1990-2000, the Security Council issued fifty-three resolutions related to the situation of Iraq, the most important of which was the decision to impose the embargo on Iraq, the decision to remove Iraq from Kuwait even by the use of force, and the decision to oil in exchange for food. The first of these decisions was Resolution No. 660, which was issued on August 2, 1990, the same day that the Iraqi forces entered Kuwaiti territory. Iraq called on Iraq to leave Kuwait directly and without conditions, and then took several decisions imposing economic sanctions, in addition to destroying Iraq's weapons. Then it was the decision of oil for food to ease the effects of the embargo on the Iraqi people. The UN Security Council adopted seventeen resolutions related to the oil-for-food program, the first of which began on the fourteenth of April 1995, which is Resolution No. 986, after which it took several resolutions that follow up the implementation of this Resolution 986 and extend its period every six months, which are as follows: Resolution (1051), Resolution (1111), Resolution (1129), Resolution (1143), Resolution (1153), Resolution (1158), Resolution (1175), Resolution (1210), Resolution (1242), Resolution (1266), Resolution (1275), Resolution (1280), Resolution (1281), Resolution (1284), Resolution (1293), Resolution (1302). After the conquest of Iraq and the lifting of the embargo and the sanctions imposed on it, the nature of the decisions taken regarding it changed. And the Central Bank of Iraq announced the completion of the last remaining installment of Kuwait's compensation, amounting to 44 million dollars .

 

The bank stated in a statement, that "the payment of the last remaining installment of the State of Kuwait's compensation amounting to 44 million US dollars has been completed, and thus Iraq has completed the full payment of the compensation amounts approved by the United Nations Compensation Committee of the UN Security Council under Resolution 687 of 1991, A total of (52.4) billion US dollars for the State of Kuwait.

 

And he expressed his hope, that "the termination of the payment of compensation will contribute to removing Iraq from Chapter VII, as well as its impact on reintegrating the Iraqi banking system into the global banking system and benefiting from the financial abundance that will be achieved." In addition, Kuwait received this matter with great welcome, and promised to complete Iraq to pay the debts owed by it, a great development that would transfer the Iraqi-Kuwaiti relations to horizons based on trust and equal brotherly relations. The Kuwaiti media, Ahmed Al-Badri, told (Baghdad Today), that "Iraq's completion of the payment of the debts owed to Kuwait, would strengthen the relationship between the two countries, and open economic, social and commercial channels, which will benefit the benefit of the two brotherly countries."

 

He added, "This matter will strengthen the historical ties linking Iraq with Kuwait, as these two countries are among the most countries in the world, with ties of brotherhood, friendship and intermarriage." As for the Iraqi viewpoint on the economic file, I promised that Iraq ended the file of compensation for Kuwait, as a new page in the Iraqi economy.

 

The financial advisor to the Prime Minister, Mazhar Muhammad Al-Saleh, told (Baghdad Today), that "Iraq ended the file of compensation for the Kuwait war and paid its last dues, and thus Iraq paid all its obligations imposed on it under the United Nations resolutions imposed on it in 1991 due to the war on Kuwait.".

 

He added, "The compensation cost Iraq from the gross domestic product and the efforts of its economy, about 52.4 billion dollars, and this amount is not small, and it is sufficient to build an electricity network system that revives Iraq for many years, but this is our destiny that the Iraqi people will bear the consequences of a reckless war."

 

He promised, "Iraq's completion of the compensation file is a new page in Iraq's economic history, as it cost the country 6-7 million dollars a day, and this amount, compared to Iraq's current oil exports, is more than two billion dollars annually, and it will be added to the budget of Iraq's efforts and will fill One of the exchange sections, expressing his wishes, that "you go to development and investment projects that employ the workforce and produce oil."

 

He continued, "The importance of closing the compensation file is the beginning of closing the remnants of Chapter VII, as Iraq imposed on it nearly 40 Security Council resolutions following the Kuwait war, and it was completely cabled."

 

But he expected that "the Security Council will issue a resolution to remove Iraq from Chapter VII at the beginning of next year," noting that "the resolutions of the Security Council considered Iraq an aggressor state, unlike its people who love peace."

 

In the same context, Iraqi economic experts considered that the end of the compensation file in the Kuwait war is a new economic beginning for Iraq.

 

The economic expert, Salam Sumaisem, told (Baghdad Today), "The end of the compensation file in the Kuwait war is a new economic beginning for Iraq, which will ease the financial burdens on Iraq." She added, "This matter will provide a financial abundance that can be directed to development (if the authorities want to achieve development), and will strengthen Iraq's position in integrating with the global financial system and exiting from Chapter VII."

 

Iraq was subjected to an international embargo, as a result of United Nations Resolution 661, which was issued on August 6, 1990, as a result of the Iraqi invasion of Kuwait. It stipulated the adoption of stifling economic sanctions against Iraq to force its ruling regime at the time to withdraw immediately from Kuwait. Almost ten successive resolutions followed this decision, warning him of the consequences of staying in Kuwait and defying the international community . The Iraqis have suffered greatly from these sanctions that deprived them of food and medicine, as well as all the means of progress and technology that the world reached in the nineties of the last century, which led to the death of one and a half million children as a result of starvation and acute shortage of medicine and their lack of the simplest means of life . These sanctions forced many Iraqis to migrate to neighboring countries and the diaspora in search of safety, life and development . This siege lasted for nearly 13 years, as it practically ended with the fall of the dissolved Baath Party regime in 2003, during which Iraq suffered severe isolation from most countries of the world politically, diplomatically and economically, and then became one of the most backward countries in the region, especially after the years following the second Gulf War, where its structure was destroyed. The infrastructure includes factories, refineries, generating stations, water and sewage plants, which brought him back to the “pre-industrial” era, as James Baker, the US Secretary of State said at the time . It is noteworthy that Iraq had a single port during the days of the siege, which was the Jordanian port of Aqaba (which was also its port during the first Gulf War).

 

This international decision coincided with another decision that followed, stipulating a ban on flying in the southern and northern regions of Iraq and preventing aircraft from communicating between Baghdad and the cities of the outside world. This ban was broken in 2002 when Arab and Russian planes began arriving at Baghdad International Airport, after which flights resumed from Baghdad and some neighboring capitals . When Iraq agreed to Security Council Resolution 687, its regime worked with the inspection committees, but in the end the inspection committees considered that Iraq had not complied with the terms of disarmament.

 

As a result, the Security Council continued to impose economic sanctions against Iraq, and Iraq was accused of violating its commitments during the 1990s, including its indictment in 1993 of orchestrating a plot to assassinate former US President George HW Bush, and the resignation of UNSCOM Chairman Richard Butler in 1998 after the Iraqi government claimed that some of the inspectors were spies for the CIA. On several occasions, the Security Council has passed a number of resolutions that impose strict conditions on Iraq to limit the spread of weapons and weaken it politically and economically.

 

The imposition of the siege on Iraq had dire results, if it caused the destruction of the country's economy, the decline in the health and educational level, and caused a humanitarian disaster due to the lack of food and medicine. Iraq rejected Security Council Resolutions No. 706 and 712 that allow Iraq to sell oil in exchange for humanitarian aid. But Iraq later agreed, and it later turned on Security Council Resolution No. 986, which approved the Oil-for-Food Program.

 

Over the years, the United States has deployed ground forces on the Iraqi border, and bombed Iraq in 1996 when Iraqi forces invaded Erbil during the Kurdish civil war at the request of Massoud Barzani in an attempt to pressure the Iraqi government to comply with UN resolutions .

 

After repeated US pressure on Iraq, US Secretary of State Madeleine Albright, US Defense Secretary William Cohen and US National Security Adviser Sandy Berger held a meeting in the International Town Hall to discuss a possible war with Iraq, and it seems that this war does not have popular support. In October 1998, US President Bill Clinton signed the Iraq Liberation Act, calling for "regime change" in Iraq, and America launched a military strike in 1998 called Operation Desert Fox. This process reduced Iraq's cooperation with Security Council Resolution 1284 in 1999, which dissolved the Special Committee ( UNSCOM) and established the United Nations Monitoring, Verification and Inspection Commission ( UNMOVIC).

 

The George W. Bush administration has made a number of allegations against Iraq, including Iraq's acquisition of uranium from Niger and that Iraq has secret weapons in labs, trailers, and isolated facilities throughout Iraq. None of these allegations has been substantiated, but proven false. Under pressure from the United States and the United Nations, Saddam Hussein agreed to allow inspectors to return to Iraq in 2002, but by then the Bush administration had already begun preparing for war . In June 2002, Operation Southern Watch changed to Operation Southern Focus and bombed positions across Iraq.

 

The CIA team first entered Iraq on July 10, 2002. This team consists of the elite CIA, Special Activities Division and the elite US Army, Joint Special Operations Command (JSOC). Together, they prepared on the battlefield of the entire country for the forces of the United States, militarily conventional . Efforts were made to organize the Kurdish Peshmerga forces to become the northern front for the invasion and to defeat Ansar al-Islam in northern Iraq before the invasion and then the Iraqi army forces in the north.

[new york kevin]

In case anyone does not appreciate the efforts of Yota , I popped on one of those gurus youtube channel and they are just talking about this stuff now. Yota got this in March and posted it here . Booyeah! Thank you Yota and Adam for all you do . 

[yota691]

 

Legal expert: The end of the payment of Kuwait’s compensation has nothing to do with Iraq’s exit from Chapter VII

 

 2021-12-22 05:23

 

Shafaq News/ Legal expert Tariq Harb confirmed today, Wednesday, that the payment of the last batch of Kuwait's compensation has nothing to do with Iraq's exit from Chapter VII.

Harb told Shafaq News Agency, "Chapter VII was lifted several years ago, and what has now ended with regard to the debt committee that was based on Chapter VII by deducting sums from Iraq," noting that "Iraq after exiting Chapter VII was able throughout The past years of buying weapons and the process of trading in all things, and thus the completion of the payment of compensation, has nothing to do with Iraq's exit from Chapter VII.

Harb added, "After it paid the last amount of $44 million, all compensation under Security Council Resolution 87 of 1991 ended," adding at the same time, that "these debts were not even applied under Chapter VII when payments were postponed in 2014 with The entry of ISIS and the drop in oil prices.

The Central Bank had announced yesterday, Tuesday, the payment of the last batch of compensation to Kuwait amounting to (44) million US dollars, expressing the hope that the termination of the payment of compensation will contribute to removing Iraq from Chapter VII.

Iraq had to deposit 5 percent of its export revenues from sales of oil, its products and gas, before reducing it to 3 percent in 2018 in a UN fund that was established under the name of the United Nations Compensation Fund.

In  1991, a UN Compensation Committee was formed, obligating Baghdad to pay $52.4 billion in compensation to individuals, companies, governmental organizations and others, who incurred losses resulting directly from the invasion and occupation of Kuwait.